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What are the Advantages and disadvantages of Secure Electronic Transactions?
Wiki User
∙ 11y ago
- It is secure enough to protect user's credit-card numbers and personal information from attacks
- hardware independent
- world-wide usage
- Confidentiality of information
- Integrity of data
- Cardholder account authentication
- Merchant authentication
- User must have credit card
- It is not cost-effective when the payment is small
- None of anonymity and it is traceable
- Network effect - need to install client software (an e-wallet).
- Cost and complexity for merchants to offer support, contrasted with the comparatively low cost and simplicity of the existing SSL based alternative.
- Client-side certificate distribution logistics.
Wiki User
∙ 11y ago
Dera Ignatious
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